Payments

Large corporations increasingly need better mobile channels to collect small payments on the fly from customers in the field.

One of the nation's largest medical collection agencies allegedly placed employees in emergency rooms, cancer wards and delivery rooms to extract payments from patients before they were seen by medical staff, according to a report released Tuesday by Minnesota Attorney General Lori Swanson's office.

For many banks, deciding what new mobile-banking features to offer is a matter of following competitors’ moves or waiting to see what technology their core banking vendor begins to offer.

The Massachusetts Bay Transit Authority this fall plans to pilot a mobile ticket-buying system for its rail commuters designed to cut cash-handling costs and generate useful data about riders' habits.

Can card issuers heave a sigh of relief that consumers are returning to pre-recession spending patterns on credit and debit cards?

Using smartphones to make financial transactions will be a normal part of everyday life by 2020, new research suggests.

Recognizing that younger consumers are not as tied to their personal computers because of smartphones, Conestoga Bank of Chester Springs, Pa., is integrating mobile banking directly to its core system.

Benefitting from higher cardholder spending and low loss rates, American Express Co. posted record profits for the first quarter.

ALEXANDRIA, Va. – Pentagon FCU is shopping for credit card holders with outstanding balances at other issuers by offering a 4.99% rate on all balance transfers through June 30--for the life of the balance.

The state of Hawaii has sued seven major credit card issuers over the marketing of credit card insurance-like products, known as payment-protection plans.

If tollway drivers can pay for tolls with an in-vehicle device, why can’t those drivers do the same when parking?

Even USAA Federal Savings Bank, one of the most aggressive in its use of technology, is treading carefully in social media and mobile, where the slightest privacy SNAFU can spark a major outcry.

By backing off a plan to limit large up-front fees banks can charge on credit cards, the Consumer Financial Protection Bureau feels it has protected cardholders from other increased costs, the Associated Press reported last week.

Google Inc. faced some resistance in putting Google Wallet on the Galaxy Nexus phone when the Android smartphone model launched with other carriers, but Sprint says it will support the nascent mobile payment system from day one.

BETHPAGE, N.Y. – Bethpage FCU, which has a strong relationship with Long Island’s gay population, has introduced a new affinity program which will make a donation to the Gay Lesbian Bisexual Transgender Center when its supporters open new checking and savings accounts at the credit union.

A higher provision for credit losses driven by a lower reduction in the allowance for loan losses from a year earlier caused a drop in first-quarter profit for the Card Services and Auto unit of JPMorgan Chase & Co., the issuer announced Friday.

The credit card industry is slowly turning a corner.

JACKSONVILLE, N.C. – A U.S. Marine at Camp Lejeune was chosen as the winner of the “A Million & More Sweepstakes” sponsored by Fidelity Information Services and Card Services for CUs.

CAMBRIDGE, Mass. – MIT FCU has been selected by the Massachusetts Institute of Technology Alumni Association to offer its financial services, including an affinity credit card, to its 125,000 members.

Consumer credit card balances fell for the second straight month, according to data released Friday by the Federal Reserve.